Market cycle

[Account Closed]

Where are we currently in the multi family market cycle? Any signs of prices going down any time soon? 

[Joseph Gozlan]

@Account Closed if any one had an accurate answer to this question he'd be billionaire by now. 

We all ask the same question all the time and the answer changes depending on who you're asking. 

Personally, I believe we are at the end of the stretch. We will see a turn soon. 

What's soon?

Well, the US is too big to say that all markets will see the turn at the same time. Some markets had already gone soft while other will push through until the entire country has turn but eventually, all markets succumb to the macro economy. 

The red flags are already out. It's the small things like getting mail from mortgage brokers promising $0 down payment, it's when you hear your plumber saying he is invested in real estate and so does his grandmother, stuff like that. 

If you want to look forward, I suggest you look back first. Watch the movie "The big short". It'll give you a little insight to what happened last time...